U.K.'s Osborne Lodges 'Volcker Rule' Complaint

By

Victoria McGrane

February 1, 2012

Complaints by foreign governments about the so-called Volcker rule continue to pile up, with the U.K.'s chancellor of the exchequer raising concerns that the measure could impair the ability of his country and others to sell their debt.

The regulation, which would restrict U.S. banks from making bets with their own capital, "would appear to make it more difficult and costlier" for banks to buy and sell non-U.S. sovereign bonds on behalf of clients, the chancellor, George Osborne, said in a Jan. 23 letter to Federal...